Consumer price index up in February

Author:
Updated:
Original:

The Consumer Price Index increased 0.4 percent in February on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today.

During the last 12 months, the all-items index increased 2.9 percent before seasonal adjustment.

The gasoline index rose sharply in February, accounting for more than 80 percent of the change in the all-items index. The gasoline increase led to a 3.2 percent rise in the energy index despite a decline in the index for natural gas. The food index was unchanged in February, with the food-at-home index unchanged for the second month in a row as major grocery store food indexes were mixed.

The index for all items, except for food and energy, rose 0.1 percent in February after increasing 0.2 percent in January. Indexes for shelter, new vehicles, medical care, and household furnishings and operations advanced; indexes for apparel, recreation, used cars and trucks and tobacco declined.

Related

NMMA Confirms Industry Growth

NMMA president Frank Hugelmeyer said the boating business grew 12 percent last year during yesterday’s virtual State of the Boating Industry address.

Newport Show Dates Announced

Organizers are planning for an in-person Golden Anniversary edition of the show Sept. 16-19.

Quick Hits: March 5, 2021

The National Association of Manufacturers names Brunswick Corp. CFO Ryan Gwillim to its Board of Directors.

Caught Red-Handed

Two commercial fishermen were jailed for possessing an illegal haul that included 100 undersized lobster tails, which is a felony. Also, fisheries management gets new funding.

Bennington Expands Operations

The pontoon builder plans to add jobs at its new facility in Elkhart County, Ind., and increase manufacturing output.

KVH Industries Names CFO

Longtime telecom financial executive Roger A. Kuebel assumes the position that COO Brent Bruun had held in an interim capacity.